US futures mixed on European and US news

November 27, 2012 - 10:34 AM
China World Markets

An investor smiles in front of the stock price monitor at a private securities company Tuesday, Nov. 27, 2012 in Shanghai, China. Asian stock markets rose Tuesday after talks over Greece's financial crisis ended with an agreement on how to reduce its debt load, paving the way for the cash-strapped country to receive the next installment of a bailout loan. (AP Photo)

NEW YORK (AP) — Stock futures are mixed as Greece avoided, at least temporarily, a default on its international loans and the U.S. government posted strong manufacturing numbers for last month.

Dow Jones industrial futures are down 1 point to 12,935. The broader S&P futures are flat at 1,403.30. Nasdaq futures are up 5 points to 2,650.75.

The European Union and the International Monetary fund agreed Tuesday to release loan payments of $57 billion announced new measures to reduce Greece's debts, which have crippled the country and threatened to break apart the monetary union.

European markets rose on the news.

The U.S. Commerce Department said that companies in October increased their orders of machinery and equipment by the largest amount in five months, signaling more optimistic investment plans and a hint of future economic growth.